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ll� -111110 - - -- - -- - -- s - . a = VA Lom WX I LENDERS LOAN W), 11 VA HOME LOAN ASSUMPTION RIDER TO DEED OF TRUST / MORTGAGE 9010654? Thia VA Lon Asaump*m hider is made this _ 15th day of November - m and amends the pravlsions 01 the deed of Trust / Mortgage, (1 a "Secwity InstrUMmIl] of the same data by and between %V111INM Sea" Kul M K w the Tnrslora / Modgagora, and N*brjAa-.K0999-A*WI9IQB The Baneeeiary i Modpow as follows: Adds the following provislOM THIS LOAN IS NOT ASSUMA BLE WITHOUT THE APPROVAL OF THE U.S. DEPARTMENT OF VETERANS AFFAIRS OR ITS AUTHORIZED AGENT. This: i>e w is Immediately due and pay" upon transfer of the property securing such loan to any transee"' uMess the aocesat left of the atsumpVM of the loan is established pursuant to section 1817A Of Chapter 97, Palle 38, United States Code. A. Funding Fee. A fee equal to one -hall of 1 percent of the balance of this ban as of the date of transfer of the property shelf be payable at the time of transfer to the ban holder or its authorized agent, as trustee for the Secretary of Veterans Affairs. N the assumer falls to pay this tee at the time of transfer, the fee shall constitute an additional debt to that already secured by this instrument, shall bear interest at the rate herein provided, and, at the option of the payee of the indebtedness hereby secured or any transferee thereof. shal be immediately due and payable. This tee is Wom�oniily walved If the assumer Is exempt under the provisions of 38 U.S.C. IM(b). @. prge q Charge. Upon appilcation for approval to allow assumption of this lean, a processing fee may be ckxgvS Iry the loan holder or its authorized agent for determining the creditworthiness of the assumer and subesqua* revising the holders ownership records when an approved transfer is completed. The amount of this chmp --ftW not exceed the maximum established by the U.S. Department of Veterans Affairs for a loan to which section 18VA of Chapin 31. tidO 90, united States Code app:vw. C. indemnity LlabllftC . "N this obligation is assumed, then the assumer hereby agrees to assume al of the obigetions of the vetl8ran, under the terns of the instruments Creating and securing the ban, including the obligation of the veteran to lndemrdy the U.S. Department of Veterans Affairs to the extent of any dakn payment arising from the guaranty or insurance of the indebte&ms created by this Instrument'. lN. ,V T.NESS {yii JF. Trustor/Mortgago has executed this VA Loan AssurVApon Rider. SQp.%jre of Trustor(s) / Mortgagor(s) VYilliam Scott Kulus Laurie Kulus STATE OF No. COUNTY OF Hall On the 15th day of November . A.O. Nineteen Hundred and NinetV before me, a Rioia y Public in and for Haig County, State of No. personally appeared %Villiam Scott Kutus and C.aurte ArT t Krif s husband and wife to me known to be the person(s) named and who executed the foregoing instrument and acknowledged that Gthey executed the same as their voluntary act and deed. My commission expires —7 le — — / 2— — r GBERM VARY Sett of Urub , MARGARET M DILLON �� My Comm. &p: July 2.199? K:tary Nbi,c , for ;a!a Co:.rry ?A Cn (08/90) P(8/90) U(ealm) 92e0071